Cairo – Mubasher: Cairo – Mubasher: The Egyptian Company for Developing Building Materials’ (LIFT SLAB) said its board of directors approved both stock split and capital increase.

The company noted that it resorted to these decisions as alternatives to finance its current projects based on the advice of its financial advisor - Eagle for financial investments.

The company stated that it did not determine so far neither the value of the capital hike nor the stock split.

LIFT SLAB is capitalized at EGP 54.9 million, distributed across 5.4 million shares at EGP 10 par value each.